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20121201
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
visit booktv.org. >> author jon meacham recount it is career of america's third president d recounts the career of america's third president, thomas jefferson. he reports that despite his strong beliefs and opposition to confrontation, president jefferson was able so successfully lead the country in a highly partisan political environment. this is just under an hour. [applause] >> it's all downhill from there. [laughter] my lawyer will take any complaints later. thank you so much, and thank you to what, for what you all do here. i am a, i shopped here as a young washington monthly editor. shopped is too strong. we didn't have any money. as you all may remember, washington monthly editors were paid $10,000 a year which, as kate boo -- who won the national book award last night adding to her amazing list of of accomplishments -- kate used to say she knew she had actually graduated from the monthly when she could buy entrees as well as appetizers in restaurants. so i never actually spent money here, but i'll try to fix that. i am enormously grateful. i am a southerner, i'm from tennesse
there that makes of america. the more we reflect the middle, the better off our committee will be and i think the service we provide will be better. >> what gives you that hope? >> a lot of people are recognizing the pathway we are on will not help. more and more members are talking with me where we discuss with one another how we can improve the place. i hear it almost every day. i encourage it. >> there are people who believe partisanship is a good thing because ideology and the direction of the country moves in the way they want. for example, people have come in with the tea party. what do you think of these hyper-partisan groups outside of the congress that attempt to exert their influence? >> one of the more fascinating experience i have had involves a gathering. my first meeting a couple years ago, with tea party types. my staff was concerned about this new group. i said, give me their telephone numbers. i invited them to our session. they were there that evening to express their concern about health care being nationalized and taking over that piece of their personal life. they were no
specialist tdd#: 1-800-345-2550 will help you get started today. >>> look at shares of bank of america. 1015 is where it is trading right now. firmly above $10 mark. watch for a firm close above 10 and that will give them hope that perhaps they can stay and go higher at this point. watching the stock along with other bank stocks off of news from citigroup. citi laying off 11,000 people. >> starbucks card for the 1% has arrived. at least that is what some are calling the new $450 starbucks gift card made from steel. it comes loaded with 400 bucks, cost $50 to make and only 5,000 of them will be sold exclusively through luxury online retailer gilt.com and that sale starts friday in case you wanted to buy one. >> i think i probably will. >> really? >> 50 bucks to make a steel card? >> you get $400 worth of coffee. >> it cost $450. it cost $50 to make the card. >> can you get -- i assume you can get it replenished? >> that's a good question. >> if you want to use it again. >> i'll probably pass. steel card is heavy. >> i was thinking about how much it would weigh in your pocket. >> maybe by u.s.
destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is t
states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives. sir, pursuant to the permission granted in clause 2-h of rule 2 of the rules of the us us house of representatives, the clerk received the following message from the secretary of the senate on december 21, 2012, at 4:04 p.m. that the senate agreed to the conference report accompanying the bill, h.r. 4310. with best wishes i am signed sincerely, karen l. haas. the speaker pro tempore: without objection, when the house adjourns today it shall adjourn to meet at 20:00 p.m. on thursday, december 27, 2012. without objection, the committees may have until the end of the second session to file the final report pursuant to clause 1-b of rule 11, and the chair of the committee in consultation with its ranking ranking member before filing such report may update report to reflect committee or house action taken after the report was ordered reported o
silence except for the television. it is america's biggest problem. and on that cheerful note, thank you very much. [applause] >> next, and to raise with to retiring members of congress. dan burton of indiana talks about his 30 years in congress. followed by senator kent conrad on his 26-year career. and a discussion on corporations and stock values. dan burton is retiring from the house this year after 30 years in office. the 15-term congressman represents the fifth district in east central indiana which includes parts of indianapolis and the surrounding suburbs. earlier he talked with c-span about his past investigations of the collective demonstration and the oversight ruled congress. this is 30 minutes. as you exit the institution how would you say it stated? >> it has changed a great deal. it is not the same as when i came 1983. there seemed to be more comedy. tip o'neill was speaker. i will never forget he was the first time he was on the floor raising cane with democrats. he had someone take his place and he came down and started giving me the dickens. after that we bec
. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close to the next s support level on the stock and really catching a lot of people by surprise. >> it's a fiscal cliff decline. this is the greatest capital gains generator of our lifetime. i would love to see what the gains are going to be next year. but i would be saying you need to sell it. we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are go
of america, merrill lynch recently held a 38% stake in hertz. after the offerings, the funds will hold a roughly 26% interest in the rental business. after the sales, hertz will not receive anything from the proceeds of the sale. coming up, squawk on the farm. we're going to talk crops, crops, crops, tractors and other equipment. and what it all tells us about the global economy. stay tuned. >> announcer: team, "squawk box" exclusive coverage of the "new york times" deal book conference. investing, the economy and the looming fiscal cliff. jpmorgan chairman and ceo jamie dimon, carl likely group co-founder david rubenstein and a lot more. it all starts tomorrow at 6:00 a.m. eastern. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune s
in little america of the war within the war for afghanistan, washington post senior correspondent reports on the military and government failings in the war in afghanistan. nancy gives him an editor at large and michael duffy, executive editor for time magazine chronicle the relationship between the u.s. presidents in the president's club in side the world's most exclusive fraternity. political commentator kevin phillips recounts what he believes was the most important year of the american revolution which was 1775, a good year for revolutions. for an extended list of links to various publications, 2012 novel book selections visit the book tv website, booktv.org or our facebook page facebook.com/booktv . >> up next on book tv, richard wolff and david bersamian talk about our economic crisis and argue that it can be traced back to the 1970's when our economic system shifted from benefiting a vast majority of americans to one which mostly benefits only the very rich. this is about an hour-and-a-half. [applause] >> good to see you will hear. let's cut quickly to the chase. what is it
didn't have enough in our operations, that we didn't have enough in asia and latin america, africa and the middle east and europe. some some of our clients have got 40%, 45%, 50% and they benefit as a result. the other part of it is i wish we had not just one-third of our operations in digital here on cnbc and that we had, let's say, 40%, 45% there, too. the pattern you'll see in 2013 is meets ya, application to our business and we specifically are going to get people to work more and more together in order to deliver more effective and efficient advertising and communications for our clients. >> if you have any regrets, share them with us here. >> never have regrets. >> learn from it. yeah. >> louisa will help you learn from it. e-mail your regrets into the show. we'll examine just where oil prices might be headed in 2013. >>> president obama calls congressional leaders to the white house today. >>> a lackluster trading week of the yurp, ewe european equity markets are scheduled to post double digit results for 2012. >> italy is expected to see solid demand when it sells up to 6 b
that to america where 45% of the total population gets out of bed and goes to work. according to the wall street journal, in greece total economic activity is down 20% in the past four years. this is a country in financial ruin. the question, how can a country of 11 million repay a 1/2 trillion dollars worth of debt and it's hard to think they could ever recover. heart breaking for someone of greek heritage like our own nicole petallides, it's a dreadful siiuation. >> it is heart breaking and i was hoping, glad you didn't make me do it, trying to throw greece under the bus. the truth is the country is suffering greatly. and grandparents trying to support their sons, daughters, grandchildren all on one pension and many of europeans, they have a different mentality, in certain ways, retiring, off the government and that's not the greeks here in the states, willing to work 25 hours a day. and there's certainly a different mentality there, but they are suffering greatly. one gentleman, nobody talks, but the cemetery, very sad and solemn. stuart: that's a personal side % of the greek tragedy story. n
? this is big news. >>> playing politics with america's fiscal future. >> we're nowhere, period. we're nowhere. >> they would like to go beyond that or do it differently. >> but we're rising above it and putting your money first. guest host david walker of comeback america initiative and democratic strategist steve mcmahon both here to help us find solutions. >> then, what goldman's jim o'neill is so he seeing to help you prepare for your investments straight ahead. plus, adding opportunities door to door. >> have a good day. >> thank you. >>> domino's pizza ceo patrick doyle is here. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is out this week. we've been watching futures this morning and they are indicated slightly higher. dow futures are up about 35 points above fair value, s&p futures and the fass dak futures are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet
that. republicans are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. it is the republicans who are willing to let millions of americans rely upon an informant and insurance, to have that ended for them in just a few short days, people who have been out of work for over six months. republicans are holding them also. it is a manufactured crisis. what we are here to say is, first of all, i hope all of you agree with me, but no deal is better than a bad deal. no deal is better than a deal -- >> we'll take you back to the capitaol now. live coverage on c-span. >> yeah, right here. right here. right here, trust me, right here. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] if we get a deal, who will supply the champagne? >> republicans. they have all the money. >> are all watching somewhere. >> there's one. >> i am going to look for -- back.e rigtht >> senator mccain? can i talk to you out here for a second? [laughter] >> can we quote you on this? >> a man walks up to a podiu
investment in the americas and in europe will sep accelerate. >> well, i wonder, too, if it's not a move reflecting concern about the health of chinese companies. we've seen what happens with the shanghai xos xwrit. if you're a chinese firm, why not try to put some of your commodities abroad? >> i think you make a point with the shanghai composite. we were discussing earlier on how i think actually you're going to see a trend improvement in 2013 in chinese equity markets and i think they are today one of the cheapest equity markets in the world and there is a whole number of reasons why you should increase your chinese asset now. >> okay. japanese brewery sontori are reportedly looking to add bourbon whiskey to their tab. they were looking at making an offer for the u.s. listed group beam. a little early in the morning to be looking at maker's mark. but japanese companies have been on an m&a spree for the year. nozomu kitadai has more. >> overseas m&a deals by local companies have reached the highest level in more than two decades. according to preliminary figures by m&a advisory firm re
temperature-wise. in tokyo we're looking at 12 degrees. over towards the americas still things are very messy across much of the southwest. this is due to this winter storm system, and it is going to be a very heavy snowmaker. that will be moving into the four corners. welcoming rain will perhaps be in the phoenix region, but the mountainside will perhaps see about 30 centimeters of snowfall in nevada and new mexico. colorado, you may see more than that, and southern california you'll still see those rain but higher elevations will possibly pack up 5 centimeters of snowfall. across much of the southeast, things are looking very clear and the temperatures are rising here in chicago. that's well above your average. in fact, people in chicago actually broke the record for the longest stretch with no measurable snowfall. you haven't seen snow since rch 4 lt year, so 283 days of no snow. we're wondering when that snow will start there, but freezing rain has impacted paris. it was a slippery day for us out there. still a slippery thing. look at this video. freezing rain creates icy roads yesterday,
squabbling and come up with a compromise that will help put america's fiscal house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending cuts. are the democrats willing to accept that the government will spend less money? if this is the case, then they might find common ground. one important issue, of course, is going to be the members of the tea party. they are saying compromise is a bad word. of course, it will be difficult for them to find a compromise, to bring them into the boat. >> we had the meeting today. we have the special session on sunday. do you expect a compromise, or
production is increasing, this quarter ford projects it will build 725,000 vehicles here in north america. they are increasing it by another 25,000 next quarter. and one other thing, carl, when we talked about importance of trucks. in november, ford had its best month for the f series since november of 2005 selling 56,000 f series trucks. that's an 18% increase compared to last year. you are really seeing the momentum building in terms of production in truck sales. >> yeah. up a fifth on f series. thank you very much. significant number. >> i bought my f series last year. great car. great job. f-350. not diesel. >> where do you keep that? >> it's part of our inn complex. >> got it. >> i assume we think gm might be good? 20 minute >> i think so. >> let's go to rick santelli in chicago. >> if you want to find out what's going on in the states, bob pisani is very accurately discussed, you have to look toward europe. so let's look toward europe. let's look at 24-hour charts. let's look at a 24-hour chart of the euro currency. started to do much better. you throw up the bund. many areas whethe
between america, i think, and really growth is having a long-term fiscal plan. what i would like to see, and i really like bob corker, he is a great guy, he's the kind of person we need in the u.s. senate, but i'd like to see some of these cuts locked in now, and i'd like to see some of this entitlement reform locked in today. i don't want to see all of that wait for six weeks. >> hmm. what's the right level for dividends and capital gains, do you think? should they be lower than ordinary income? >> look, i think what you will see is i think they'll both probably go to 20% would be my guess. i don't think you'll see dive dinds go back to ordinary income rates. >> is that okay? >> that's part of bowles-simpson or simpson-bowles, put it back at ordinary rates. what's ordinary rates coming down to? >> we brought ordinary rates down to 23%. you know, that's a horse of a different color. ordinary rates are going to be -- >> is it 23 or 28? that's another thing we always hear. >> well, what we put out is what the zero option was, which got it down to 8% of $70,000. 14% up to $210,000. and a m
the reputation for america as someplace that pays its debts hostage is a terrible idea. i'm hoping this will be a good precedent for getting the debt limit issue out of the way. and then there will be legitimate public policy debates about how much and what kind of spending cuts. >> congressman, this is dan greenhaus. let me say, you're hilarious and i'm going to miss you. jonathan tweeted, obama has utterly caved on taxes and inviting future hostage tactics by the gop. does that sound right to you? >> no. in the first place, he has insisted on raising taxes, letting taxes go up, is what we're doing, for people above a certain income level. he does not control the house of representatives. part of this issue, you know, people forget, the american people are the ones who set this stage. they voted for one set of people in 2008, then they changed their minds. at least those who voted, and voted for a different set of people in 2010. we have an unusual constitution. in america you're governed by the results of the last three elections, not just the last election in most other democrac
. america reelected barack obama to get the economy moving. history will judge him as a good president or not if he's able to get the economy moving. but i want to point one thing out tos a i've said before, this is the new barack obama 2.0. he's taking his he is message to the american people. he will not sit around and let the republicans litigate and relitigate things or let the chattering class of washington determine his destiny. he'll rally support and put the pressure on all of congress, not just the republicans, but democrats, as well. >> is that the freedom that a second term president gets, right? >> well, it's the freedom when you try to work with the republicans and frankly some of the democrats, as well. you can't blame all the republicans. some of the democrats didn't want to move on the entitlement issues and they'll have to move. so this is obama 2.0. a much more engaged, a much more activist president. you series bringing a business community in, community leaders, small business, not for profit. he'll be much more engaged in this second term. >> morris, on this issue,
on hits to latin america. and adp to paris is lowering its growth target for 2015 as lower traffic .lower economic projections since the summer are now affecting its prospects, down 6%. so, again, whether it's a fiscal cliff or generally speaking with, the message this morning is fairly weak. take a look at the bond space note. moving into gilts, moving out of italy and spain, but as we've been saying, 4.5% or under that and about 5.3% for spain aren't bad considering. t thor row/dollar is weaker. most of the risk currencies are moving lower. euro/dollar down by .3%. sterling is weaker against the dollar. we're seeing the dollar generally up. the dollar/yen here up .4% for the yen. so we've seen some significant weakening as the bank of japan trying to combat deflation. but today, a pause in that move. joining us now with plenty more on the asian trade, diedra. >> it's not the end of the world, but it is pretty ugly out here in asia. markets were headed towards some gains today and then all of a sudden we did get that fiscal cliff set back. the nikkei 225 dropping a percent. you can see t
, latin america. four out of the top eight markets of the world, when you asked, do i care what i look like, latin america. the market for tupperware products in latin america, $1 billion, $22 billion in cosmetics. >> how are you going up against the competitor? because most people think avon as the vehicle for cosmetics. >> all of our latin american businesses are way up. they're up double digits. we're pleased with what's happening there. >> okay, rick, huge in france. we know french economy not that good. women want to make some money during this period. france is strong for you. >> we've grown, almost doubled the company in the last five years in france. we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us.
's too soon to see the effects it may have for bank america's bottom line. >> it's a good gimmick to get people to start thinking about what they're saving. >> when you log onto this system, it not only digitally ages you, something you can do on iphone, which tells you digitally what things cost. when i retire, the domestic airfare is very expensive. $7 for a gallon of gas. >> $7 for a gallon of gas? >> who knows. >> why didn't you ask for an old tape of me. i can show you aging. it doesn't need to be digital. >> the problem is, even if we took a picture of you now. you wouldn't really age that much. you guys are eternal. >> i have to say, you don't look that deficit. >> i have to look pretty much -- >> are you going to show -- >> andrew is not here and that's a shame. we can do him. >> that's you. >> that's me. in case you didn't see it in the video. this is andrew. andrew wanted to make sure he got any lighting right in the picture. the middle picture is andrew if he ever retires. he's a workaholic. 107. still alive. he looks pretty good. >> if you're here at 107, not a bad deal. it c
? >> this is a normal process. new destinations for lastin america, korean nations, they have been improving in the last year or so. so that doesn't mean that europe is not -- europe is still the destination destination worldwide. >> ohio does it work out on the global net? i'm wondering whether the pie getting bigger has meant the european number stays the same. >> europe is still increasing, but now we have to -- >> it's getting bigger. >> exactly. >> right. okay. so we're not losing out. >> it's just interesting that the euro not being weaker is the largest issue regarding tourism. it doesn't look like that's in the cards. >> a weak euro is very good for our overseas travelers. they're coming to europe and especially the usa and canada are troubled a lot. which is very, very good. >> where is the money coming from? >> the usa and canada, we will now have to focus in brazil and china, which are emerging economies. >> and, james, do you find it at all encouraging if there's a balancing away from the european sector in europe? is it something that needs to happen or is it still going to remain on positi
in north america so far. it's a huge success. it's the quickest car in its segment. it has a carbon fiber construction. a lot of formula one drive technology. 0 to 60 in about three seconds and a quarter of a mile in under 11 seconds. >> you said you can roll down the back so you can still hear the engine. must be a really cool sound, right? >> you sure can. let me finish closing up -- >> the back? >> yeah, andrew, you had to keep your finger on that thing. >> here we go. >> might open now. >> open up. >> that's okay. we can open it and start. >> yeah. >> all right. >> i'll back up with my mike back here. >> wow. >> it's pretty. >> i think you're talking to me telling me we need to go, right? >> we do need to go. >> can't hear. >> you square for the quality, not at the quality, i mean it's not going to be like some british car where you got to drop the engine to change the wiper blade, right? >> you make this car in our technology center just outside of london, the same place where our formula one cars are designed and built. >> great, thank you. >> thank you very much. >> great to see yo
Search Results 0 to 28 of about 29 (some duplicates have been removed)

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